In this post, we’ll cover everything you need to know about Professional Employer Organizations (PEOs) and offer practical tips to help you choose the right one for your business.
- What is POE
- What is the difference between a PEO and an EOR?
- What is the cost of PEO
- Best PEO service providers
- What does the PEO service provider do
- How can a PEO save you money
- FAQs
- Debunking the Top 3 Myths about Employer of Record Solutions
- 4 Things to look for when Choosing Your Employer of Record
- How to get started
What is POE?
“A PEO operates as the legal employer for employees working remotely for companies based outside India, handling compliance while the employees remain dedicated to their actual employer (your company)”
Simply put: Your employees; our payroll.
As the PEO, we handle HR, legal, payroll, and compliance, so you can focus on your business.
No Need for Local Entities
At GrowYourStaff, we operate as a PEO/EOR in India, enabling companies to hire international talent without the expense and delays of establishing a local entity.
What is the difference between a PEO and an EOR?
“PEO is a superset of EOR”
A PEO is a broader solution compared to an Employer of Record (EOR). While an EOR focuses primarily on payroll, legal, and compliance, a PEO offers a more comprehensive range of services, including HR support, recruitment, vendor management, and office space management
What is the cost of PEO and EOR?
EOR (Employer of Record)
Cost: $199 per employee per month
Services:
- Payroll
- Legal support
- Labor law compliance
POE (Professional Employer Organization)
Cost: $299 per month
Services:
- Employee recruitment
- HR services
- Payroll
- Legal support
- Labor law compliance
Additional Costs:
- Office space: Charged separately based on actuals.
Best PEO service providers
With more than 200 satisfied clients and over 1,000 employees under our management, we are committed to delivering results you can count on.
Why Work With Us:
- Best in Class Pricing: Get premium service at rates that lead the industry.
- Zero Upfront Costs: Only pay at the end of the month—no advance payments necessary.
- Total Flexibility: No long-term contracts. Scale up or down as your needs change.
Let us help you streamline your operations with dependable, cost-effective solutions.
2) Deel
A reliable EOR service provider, though their pricing is on the higher side at $599 per employee per month.
Papaya Global is ideal for large enterprises with global operations requiring EOR services across multiple countries. However, their focus isn’t on India, and their pricing is on the higher side.
“We recommend GrowYourStaff (that’s us 🙂 ), we provide the best value for money with 100% transparent pricing. Our India-centric approach is backed by a dedicated team of tax and legal experts to assist you with any needs”
For short-term projects or temporary part-time work, we recommend hiring freelancers.
Here are some popular platforms to find freelancers:
Upwork: Ideal for finding highly skilled professionals. Freelancers here are typically experts in their fields and charge premium rates.
Fiverr: Best for small, straightforward tasks. It offers low prices, but the quality can vary. With patience, you might land a great deal.
PeoplePerHour: A balanced mix between Upwork and Fiverr, providing access to quality freelancers at competitive rates.
FAQs
Q) What are the advantages of using an EOR/PEO?
Seamlessly hire international employees without setting up a local entity.
Q) What management authority will I retain if GrowYourStaff is the official employer?
GrowYourStaff acts as the employer of record solely for compliance purposes.
In practice, you are the true employer. All employees will work exclusively for you, just like any other team member you’ve hired in your home country.
Q) Can I hire contract or part-time employees through GrowYourStaff?
Yes, it’s possible. We offer lower rates for contract and part-time employees.
Q) How does GrowYourStaff ensure the security of my data?
All employees are bound by legal contracts to maintain data security, and we have robust protocols in place to safeguard your data.
In the unlikely event of data theft, we treat it as a very serious offense, and our legal team will fully support you at no additional cost in pursuing the matter.
Q) Do you charge any setup fees or initial costs to get started?
There are no setup fees or hidden charges. We offer a transparent pricing structure, so you’ll always know exactly how much your employees are being paid.
We also don’t require any pre-payment—you only pay at the end of each month.
Q) Is it possible for the employees to work from an office space?
Yes, employees can work from an office space; however, the cost of the office space will be additional.
Q) How does employee termination work under your service?
Employees can be terminated with a 30-day notice.
Q) How is IP ownership handled for employees hired through GrowYourStaff?
Our legal team has you covered. All employees sign legally binding contracts ensuring that all intellectual property (IP) belongs to you.
Q) Who assumes legal liability for employees hired through GrowYourStaff?
You are fully protected legally. As the employer of record, any lawsuits or legal actions will be directed to us.
Q) Will the employee work solely for me?
Yes, the employees will work exclusively for you and will not be shared with other clients or projects.
Q) How do I ensure that the employee stays productive and meets expectations?
We provide time-tracking and screen capture software upon request to help you monitor your employees. Daily reports will be shared with you to keep you updated on their performance. Additionally, our dedicated HR team is available to assist you with any employee management needs.
Q) What are the payment terms you offer?
We do not require any pre-payment. All payments are made at the end of each month.
Q) What types of industries can GrowYourStaff help with recruitment?
We support all industries. Our clients come from a variety of sectors, including financial services, marketing services, printing, software services, and many more.
Q) Is it possible to transition my current employees to GrowYourStaff?
Yes, we can onboard your existing team within 24 hours.
Q) Why should I choose GrowYourStaff over other PEOs/EORs?
What sets GrowYourStaff apart is our exclusive focus on India, making us experts in Indian law and compliance. We combine the best rates in the industry with top-tier service, ensuring unmatched value and reliability.
Q) How do I begin the process of working with GrowYourStaff?
You can contact us to get started, and we’ll guide you through the entire process to ensure a smooth and seamless experience
Debunking the Top 3 Myths about Employer of Record Solutions
1. EMPLOYER OF RECORD SOLUTIONS WILL END UP BEING MORE EXPENSIVE THAN SETTING UP MY OWN ENTITY
The initial costs of setting up your own subsidiary company might seem low and feasible¸ but the costs of ongoing management and running the company require huge financial and time-based commitments.
There’s regular expenditure on employee salaries, benefits, other essentials such as banking, location premises, professional maintenance services and so on.
If you don’t know the law of the land, you might have to shell out expensive costs for legal issues and tax problems too. Ouch.
2. MY BUSINESS ISN’T BIG ENOUGH, PEO SERVICES SEEM LIKE THEY’RE ONLY USED BY BIG MNCs
On the contrary, small and medium-sized businesses (SMEs) are one of the biggest users of Employer of Record and PEO solutions, especially in countries like India.
Employer of Record and PEO solutions are perfect for small, medium and growing businesses because they give you access to the resources of an international company, without the financial and infrastructure commitment and investments
3. ARE EMPLOYER OF RECORD AND PEO SERVICES LEGAL?
Yes, Employer of Record solutions and PEO in India is an authentic and recognised model of employment. Our Employer of Record solutions are 100% compliant with the laws of the land for the security and benefit of our clients.
4 Things to look for when Choosing Your Employer of Record
1. IN HOUSE TEAMS AND EXPERTISE
Not every Employer of Record or PEO solution will offer the local expertise you need to retain top performing contract workers/employees and gain a strategic advantage over your competition.
2. EXPERTISE IN LABOUR AND CONTRACT LAWS
India has centralised Labour Laws, and also over 200 state laws that deal with labour and employment.
It is extremely important that whichever Employer of Record or PEO service you choose to go with ensures that employees are hired under written employment contracts that clearly define the employer-employee relationship.
3. PROTECTION OF INTELLECTUAL PROPERTY
A good Employer of Record or PEO service will have an IP protection clause built into its contract.
This means that ultimately all intellectual property belongs to the company, or the client.
This gives you full control of an employee’s intellectual property and operations
4. HANDLING CONTRACT TERMINATION AND SEVERANCE
Employer must know that they’re going to have to terminate the employment relationship with their employers, or at least some of them one day.
And that has to be done carefully following the legal termination process as per the local labour laws.
How to get started?
Instead of spending a lot of time and efforts to establish a subsidiary entity in a foreign location to kickstart your business’ global expansion, you can slowly dip your toes and test the waters by going with an Employer of Record service or PEO in India.
At GrowYourStaff, we not only provide expertise in Employment of Record solutions, but have years of experience in building outsourced and offshore teams, whether it is customer services or call center solutions, outsourced financial modelling services, or dedicated teams to hire experienced professionals in India while also managing payroll, benefits, all as per the requirements of our clients.
